MIRA INFORM REPORT

 

 

Report Date :

02.09.2014

 

IDENTIFICATION DETAILS

 

Name :

PBS TURBO S.R.O.

 

 

Registered Office :

Vlkovská č.p.279  595 01 Velká Bíteš  

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

01.01.1997

 

 

Com. Reg. No.:

C 25288

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture, sale and servicing of the turbo blowers to the diesel and
gas engines co-operation in the sphere of machining

 

 

No. of Employees

197

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Slow but correct

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Czech Republic

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

CZECH REPUBLIC ECONOMIC OVERVIEW

 

The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. The auto industry is the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012, however, the economy fell into a recession again, due both to a slump in external demand and to the government’s austerity measures. The country pulled out of recession in the second half of 2013, and most analysts expect modest, but steady, growth through 2014. Foreign and domestic businesses alike voice concerns about corruption, especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.

 

Source : CIA

 

 

 


Company name and address

 

PBS TURBO S.R.O.

Vlkovská č.p.279
595 01 Velká Bíteš


telephone: 00420/ 566 822 201
telefax: 00420/ 566 822 272
e-mail: pbst_sales@pbsvb.cz
Web: www.pbsturbo.cz

 

 

Company summary

 

 

Legal form

Private limited company

 

 

Foundation

01/01/1997 - Private limited company

Comp. Register

01/01/1997, Krajský soud v Brně, RegNr.: C 25288
Statistical number: 25321234
Tax number: CZ25321234

 

Share Capital

01/01/1997

CZK

122.700.000,-

 

Shareholders

MAN Diesel & Turbo SE
Stadtbachstr. 1, 86150 Augsburg, Germany

CZK

122.700.000,-

 

 

Management

Dipl. Ing. Josef Malý (26.11.1959)
U Křížku 549/30, 621 00 Brno - Ivanovice
Executive Manager
Tel:00420/ 567 584 804

 

Betriebswirtin Fh Ramona Kerestes (29.06.1974)
Dr.-Otto-Meyer-Str. 6a, Augsburg, Germany
confidential clerk

 

 

Ing. Ivana Krátká (09.12.1977)
Za Prachárnou 492/20, 586 01 Jihlava, Horní Kosov
confidential clerk

 

Ing. Pavel Novák (23.11.1952)
Dunajská 186/9, 625 00 Brno
confidential clerk

 

General Data

Manufacture, sale and servicing of the turbo blowers to the diesel and
gas engines co-operation in the sphere of machining.

 

Main activity:
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines


(28.11)

 

 

Trade name(s)
PBS Turbo s.r.o.
Beginning of validity: 01.01.1997

 

Export:
European Union
Russia

96%

 

 

Import:
European Union

 

 

General contacts:
telephone:
00420/ 566 822 201
telefax:
00420/ 566 822 272
e-mail:
pbst_sales@pbsvb.cz
Web:
www.pbsturbo.cz

 

 

Address:
Vlkovská č.p.279, 595 01 Velká Bíteš
Beginning of validity: 06.06.2002

 

Vlkovská 279, 595 01 Velká Bíteš
Beginning of validity: 01.01.1997
End of validity: 06.06.2002

 

 

Office address:
náměstí Bratří Jandusů 33/32, 104 00 Praha 10 - Uhříněves

Staff

2006

150 employees

 

 

2007

148 employees

 

2008

160 employees

 

 

2009

170 employees

 

2011

191 employees

 

 

2012

195 employees

 

2013

197 employees

 

 

2014

197 employees

Annual Sales

2005

actual sales

CZK

376.711.000,-

 

 

 

2006

actual sales

CZK

408.459.000,-

 

 

2007

actual sales

CZK

452.254.000,-

 

 

 

2008

actual sales

CZK

587.810.000,-

 

 

2009

actual sales

CZK

499.407.000,-

 

 

 

2010

actual sales

CZK

550.699.000,-

 

 

2011

actual sales

CZK

656.202.000,-

 

 

 

2012

actual sales

CZK

672.661.000,-

 

 

2013

actual sales

CZK

637.917.000,-

 

 

 

The company is not registered in the Central register of executions.

Property

none

 

Balance sheets

The enclosed balance of 2013 from business register, it is authenticated by the auditor. (31.12.2013 - 1 CZK)
The enclosed balance of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed balance of 2011 from business register, -. (31.12.2011 - 1 CZK)

 

The enclosed profit/loss account of 2013 from business register, it is authenticated by the auditor. (31.12.2013 - 1 CZK)
The enclosed profit/loss account of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed profit/loss account of 2011 from business register, -. (31.12.2011 - 1 CZK)

 

Remarks

All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database of Creditreform and others) are currently monitored.

 

Business management:
Dipl. Ing. Josef Malý – company director
Ing. Pavel Novák - financial director
Ivana Krátká – business director

Mother company MAN Diesel & Turbo SE has share capital amounting to EUR100.000.000,- and it engages 14.413 employees; revenues from sale for the year 2013 have reached EUR 3.396.000.000,-.

Contact:
Mrs.Jandová, accountant, phone: 00420/ 566 822 205
Mrs. Nováčková, accountant, phone: 00420/ 566 822 275

 

Bankers

UniCredit Bank Czech Republic and Slovakia, a.s.
Account number: 39176003/2700
Account number: 000000-0039176011/2700

(2700)

Copyright: Creditreform s.r.o. Praha

This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act.

                                 


 

Balance sheet

 

 

 

balance

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

r1

TOTAL ASSETS

633.918.000

644.771.000

777.649.000

680.840.000

r2

Receivables for subscriptions

0

0

 

0

r3

Fixed assets

231.008.000

183.477.000

148.510.000

117.325.000

r4

Intangible fixed assets

11.721.000

7.410.000

4.154.000

1.097.000

r5

Incorporation expenses

0

0

 

 

r6

Research and development

10.181.000

6.588.000

3.294.000

 

r7

Software

1.540.000

822.000

860.000

1.097.000

r8

Valuable rights

0

0

 

 

r9

Goodwill

0

0

 

 

r10

Other intangible fixed assets

0

0

 

 

r11

Intangible fixed assets under construction

0

0

 

 

r12

Advance payments for intangible fixed assets

0

0

 

 

r13

Tangible fixed assets

219.287.000

176.067.000

144.356.000

116.228.000

r14

Lands

0

370.000

 

0

r15

Constructions

382.000

175.310.000

358.000

320.000

r16

Equipment

218.905.000

387.000

143.998.000

110.430.000

r17

Perennial corps

0

0

 

 

r18

Breeding and draught animals

0

0

 

 

r19

Other tangible fixed assets

0

0

 

 

r20

Tangible fixed assets under construction

0

0

0

3.918.000

r21

Advance payments for tangible fixed assets

0

0

 

1.560.000

r22

Adjustment to acquired assets

0

0

 

 

r23

Long-term financial assets

0

0

 

0

r24

Shares in controlled and managed organizations

0

0

 

 

r25

Shares in accounting units with substantial influence

0

0

 

 

r26

Other securities and shares

0

0

 

 

r27

Loans to controlled and managed organizations and to accounting unit with substantial influence

0

0

 

 

r28

Other financial investments

0

0

 

 

r29

Financial investments acquired

0

0

 

 

r30

Advance payments for long-term financial assets

0

0

 

 

r31

Current assets

395.508.000

454.008.000

624.413.000

556.544.000

r32

Inventory

129.209.000

145.959.000

167.186.000

174.962.000

r33

Materials

46.552.000

46.748.000

50.834.000

50.331.000

r34

Work in progress and semi-products

80.190.000

87.307.000

99.052.000

104.819.000

r35

Finished products

2.467.000

11.904.000

17.300.000

19.812.000

r36

Animals

0

0

 

 

r37

Merchandise

0

0

 

 

r38

Advance payments for inventory

0

0

 

 

r39

Long-term receivables

0

0

 

0

r40

Trade receivables

0

0

 

 

r41

Receivables from controlled and managed organizations

0

0

 

 

r42

Receivables from accounting units with substantial influence

0

0

 

 

r43

Receivables from partners, cooperative members and association members

0

0

 

 

r44

Long-term deposits given

0

0

 

 

r45

Estimated receivable

0

0

 

 

r46

Other receivables

0

0

 

 

r47

Deferred tax receivable

0

0

 

 

r48

Short-term receivables

265.583.000

306.286.000

457.178.000

381.577.000

r49

Trade receivables

64.171.000

81.722.000

120.984.000

93.198.000

r50

Receivables from controlled and managed organizations

192.181.000

215.720.000

323.686.000

278.041.000

r51

Receivables from accounting units with substantial influence

0

0

 

 

r52

Receivables from partners, cooperative members and association members

0

0

 

 

r53

Receivables from social security and health insurance

0

0

 

 

r54

Due from state - tax receivable

9.082.000

8.837.000

12.506.000

10.201.000

r55

Short-term deposits given

149.000

7.000

2.000

137.000

r56

Estimated receivable

0

0

 

 

r57

Other receivables

0

0

 

 

r58

Short-term financial assets

716.000

1.763.000

49.000

5.000

r59

Cash

0

0

 

 

r60

Bank accounts

716.000

1.763.000

49.000

5.000

r61

Short-term securities and ownership interests

0

0

 

 

r62

Short-term financial assets acquired

0

0

 

 

r63

Accruals

7.402.000

7.286.000

4.726.000

6.971.000

r64

Deferred expenses

7.402.000

6.085.000

4.726.000

6.971.000

r65

Complex deferred costs

0

0

 

 

r66

Deferred income

0

1.201.000

0

 

r67

TOTAL LIABILITIES

633.918.000

644.771.000

777.649.000

680.840.000

r68

Equity

266.859.000

311.463.000

396.346.000

437.438.000

r69

Registered capital

122.700.000

122.700.000

122.700.000

122.700.000

r70

Registered capital

122.700.000

122.700.000

122.700.000

122.700.000

r71

Company’s own shares and ownership interests (-)

0

0

 

 

r72

Changes of registered capital ( +/- )

0

0

 

 

r73

Capital funds

0

0

 

0

r74

Share premium

0

0

 

 

r75

Other capital funds

0

0

 

 

r76

Differences from revaluation of assets and liabilities ( +/- )

0

0

 

 

r77

Differences from revaluation in transformation ( +/- )

0

0

 

 

r78

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

12.270.000

12.270.000

12.270.000

12.270.000

r79

Legal reserve fund / indivisible fund

12.270.000

12.270.000

12.270.000

12.270.000

r80

Statutory and other funds

0

0

 

 

r81

Profit / loss - previous years

90.467.000

111.889.000

138.493.000

211.376.000

r82

Retained earnings from previous years

90.467.000

111.889.000

138.493.000

211.376.000

r83

Accumulated losses from previous years

0

0

 

 

r84

Profit / loss - current year (+/-)

41.422.000

64.604.000

122.883.000

91.092.000

r85

Liabilities

367.059.000

333.308.000

381.303.000

243.402.000

r86

Reserves

15.219.000

29.985.000

48.217.000

24.093.000

r87

Reserves under special statutory regulations

0

0

 

 

r88

Reserves for pension and similar payables

0

0

 

 

r89

Income tax reserves

0

6.948.000

33.088.000

7.653.000

r90

Other reserves

15.219.000

23.037.000

15.129.000

16.440.000

r91

Long-term payables

16.424.000

19.623.000

14.273.000

7.001.000

r92

Trade payables

0

0

 

 

r93

Payables to controlled and managed organizations

0

0

 

 

r94

Payables to accounting units with substantial influence

0

0

 

 

r95

Payables from partners, cooperative members and association members

0

0

 

 

r96

Long-term advances received

0

0

 

 

r97

Issues bonds

0

0

 

 

r98

Long-term notes payables

0

0

 

 

r99

Estimated payables

0

0

 

 

r100

Other payables

0

0

 

 

r101

Deferred tax liability

16.424.000

19.623.000

14.273.000

7.001.000

r102

Short-term payables

335.416.000

283.700.000

318.813.000

212.308.000

r103

Trade payables

44.955.000

54.793.000

56.670.000

53.726.000

r104

Payables to controlled and managed organizations

273.133.000

207.749.000

233.170.000

134.648.000

r105

Payables to accounting units with substantial influence

0

0

 

 

r106

Payables from partners, cooperative members and association members

0

0

 

 

r107

Payroll

4.336.000

6.076.000

6.133.000

6.488.000

r108

Payables to social securities and health insurance

2.355.000

3.418.000

3.337.000

3.573.000

r109

Due from state - tax liabilities and subsidies

618.000

1.067.000

1.021.000

1.126.000

r110

Short-term deposits received

3.136.000

2.113.000

6.972.000

4.319.000

r111

Issues bonds

0

0

 

 

r112

Estimated payables

6.883.000

8.484.000

11.510.000

8.428.000

r113

Other payables

0

0

 

 

r114

Bank loans and financial accommodations

0

0

 

0

r115

Long-term bank loans

0

0

 

0

r116

Short-term bank loans

0

0

 

0

r117

Short-term accommodations

0

0

 

0

r118

Accruals

0

0

 

0

r119

Accrued expenses

0

0

 

 

r120

Deferred revenues

0

0

 

 

        

 

profit/loss account

                                                                                  

 

profit/loss account

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

a1

Turnover

550.699.000

656.202.000

672.661.000

637.917.000

a2

Revenues from sold goods

9.987.000

10.500.000

11.414.000

3.429.000

a3

Expenses on sold goods

9.418.000

9.881.000

10.627.000

2.900.000

a4

Sale margin

569.000

619.000

787.000

529.000

a5

Production

533.714.000

663.811.000

675.725.000

643.170.000

a6

Revenues from own products and services

540.712.000

645.702.000

661.247.000

634.488.000

a7

Change in inventory of own products

-7.013.000

18.109.000

14.478.000

8.058.000

a8

Capitalization

15.000

0

 

624.000

a9

Production consumption

319.817.000

400.425.000

352.373.000

340.459.000

a10

Consumption of material and energy

211.796.000

270.161.000

232.522.000

225.508.000

a11

Services

108.021.000

130.264.000

119.851.000

114.951.000

a12

Added value

214.466.000

264.005.000

324.139.000

303.240.000

a13

Personnel expenses

88.270.000

103.760.000

120.606.000

119.834.000

a14

Wages and salaries

64.544.000

76.088.000

89.024.000

87.543.000

a15

Renumeration of board members

0

0

 

 

a16

Social security expenses and health insurance

22.202.000

26.089.000

29.930.000

29.826.000

a17

Other social expenses

1.524.000

1.583.000

1.652.000

2.465.000

a18

Taxes and fees

13.000

2.000

16.000

224.000

a19

Depreciations of intangible and tangible assets

77.105.000

71.862.000

66.949.000

63.953.000

a20

Revenues from disposals of fixed assets and materials

2.091.000

2.540.000

4.060.000

3.056.000

a21

Revenues from disposals of fixed assets

242.000

332.000

1.204.000

860.000

a22

Revenues from disposals of materials

1.849.000

2.208.000

2.856.000

2.196.000

a23

Net book value of disposed fixed assets and materials

294.000

4.047.000

8.996.000

4.016.000

a24

Net book value of sold fixed assets

294.000

27.000

1.114.000

 

a25

Net book value of sold material

0

4.020.000

7.882.000

4.016.000

a26

Change in operating reserves and adjustments and complex deferred costs ( + / - )

11.446.000

7.326.000

-11.599.000

2.050.000

a27

Other operating revenues

5.964.000

6.225.000

43.214.000

31.266.000

a28

Other operating expenses

3.173.000

4.324.000

39.456.000

27.977.000

a29

Transfer of operating revenues

0

0

 

 

a30

Transfer of operating expenses

0

0

 

 

a31

Operating profit / loss

42.220.000

81.449.000

146.989.000

119.508.000

a32

Revenues from sales of securities and ownership interests

0

0

 

 

a33

Sold securities and ownership interests

0

0

 

 

a34

Revenues from long-term financial assets

0

0

 

 

a35

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

0

0

 

 

a36

Revenues from others securities and ownership interests

0

0

 

 

a37

Revenues from other long-term financial assets

0

0

 

 

a38

Revenues from short-term financial assets

0

0

 

 

a39

Expenses associated with financial assets

0

0

 

 

a40

Revenues from revaluation of securities and derivatives

0

0

 

 

a41

Cost of revaluation of securities and derivatives

0

0

 

 

a42

Change in financial reserves and adjustments ( + / - )

0

0

 

 

a43

Interest revenues

907.000

1.553.000

968.000

45.000

a44

Interest expenses

2.699.000

4.190.000

1.565.000

366.000

a45

Other financial revenues

10.935.000

0

4.445.000

0

a46

Other financial expenses

271.000

4.061.000

245.000

7.700.000

a47

Transfer of financial revenues

0

0

 

 

a48

Transfer of financial expenses

0

0

 

 

a49

Profit / loss from financial operations ( transactions )

8.872.000

-6.698.000

3.603.000

-8.021.000

a50

Income tax on ordinary income

9.670.000

10.147.000

27.709.000

20.395.000

a51

Due tax

0

6.948.000

33.059.000

27.667.000

a52

Tax deferred

9.670.000

3.199.000

-5.350.000

-7.272.000

a53

Operating profit / loss ordinary activity

41.422.000

64.604.000

122.883.000

91.092.000

a54

Extraordinary revenues

0

0

 

 

a55

Extraordinary expenses

0

0

 

 

a56

Income tax on extraordinary income

0

0

 

 

a57

Due tax

0

0

 

 

a58

Tax deferred

0

0

 

 

a59

Operating profit / loss extraordinary activity

0

0

 

0

a60

Transfer profit ( loss ) to partners (+/-)

0

0

 

 

a61

Profit / loss of current accounting period (+/-)

41.422.000

64.604.000

122.883.000

91.092.000

a62

Profit / loss before tax (+/-)

51.092.000

74.751.000

150.592.000

111.487.000

 

Receivables after due date total

16.085.000

24.323.000

40.042.000

28.056.000

 

Liabilities after due date total

 

8.269.000

12.377.000

6.675.000

      

 

ratio

                                               

 

Balance indices

 

31.12.2010

31.12.2011

31.12.2012

31.12.2013

Return on total assets ROA (in %)

a62/r1 * 100

8,06

11,59

19,36

16,37

Return on equity ROE (in %)

a62/r68 * 100

19,15

24,00

38,00

25,49

Return on sales ROS (in %)

a62/a1 * 100

9,28

11,39

22,39

17,48

Turnover of receivables (in days)

r49/a1 * 365

42,53

45,46

65,65

53,33

Turnover of liabilities (in days)

r103/a1 * 365

29,80

30,48

30,75

30,74

Turnover of inventories (days)

r32/a1 * 365

85,64

81,19

90,72

100,11

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

60.092,00

170.308,00

305.600,00

344.236,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

75,48

100,98

n/a

173,99

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

41,95

27,96

22,08

18,39

Current ratio

r31 / (r102+r116+r117)

1,18

1,60

n/a

2,62

Quick ratio

(r58+r48) / (r102+r116+r117)

0,79

1,09

1,43

1,80

Cash ratio

r58 / (r102+r116+r117)

0,00

0,01

n/a

0,00

Debt ratio I (in %)

(1-r68/r67) * 100

57,90

51,69

49,03

35,75

Debt ratio II (in %)

r85/r67 * 100

57,90

51,69

49,03

35,75

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.47

UK Pound

1

Rs.100.42

Euro

1

Rs.79.39

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

 

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.